EUR/USD was looking for a new direction after the ECB excitement and eventually advanced once again. In the last full week before the holiday season, we have important German surveys, PMIs and inflation. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. German industrial output missed expectations and so did the Sentix Investor Confidence. Draghi’s damage control had a limited effect even though inflation doesn’t look really upbeat. The euro enjoyed safe haven flows as commodities and stocks tumbled down, with oil prices leading the plunge. In the US, data was OK ... (full story)